CEC Group

Cairns-based property developer and civil construction group
CEC Group
told its shareholders a fortnight ago not to listen to every rumour they heard – that positive announcements were on the horizon, sending its shares up 64 per cent. But failing to lodge its interim accounts for a second year in a row has done little to quell the rumours. CEC had said it was one of the first companies in North Queensland to feel the impact of the global financial crisis. It was forced to sell property and restructure.